Topic: BTCT.CO (BTC Trading Corp) Server with Code (also ran litecoinglobal.com) (Read 3148 times)

No.


No idea.

Surely there are better threads to discuss this in?  Scam Accusations?

Cheers.

But we also got another identity of Hashie explained at http://hashiescam.blogspot.com



So, is this guy TradeFortress ?

If you want to have a beer or coffee sometime and chat about it, I'm happy to oblige.  I'll be in Los Angeles, CA for at least the next couple months.

Cheers.

Since when do we take that for granted? Is there any definitive proof to back this claim?

The OP is not TF, I can vouch for that.

I know that hashie is TF, but is the OP TF?

That's TradeFortress.

I would not exactly consider this to be a vouch especially considering who it is coming from lol.

Do you happen to be an alt of the OP?

Btct.co is fairly secure, I only found one SQLi which was promptly fixed.

While you may have spent a lot of time working on it, this does not mean it is worth that much. Fundamentally with the current state of the bitcoin economy you want to start with a secure prototype with the core functions. You so do not need unnecessary things like options, time delayed trades, android apps, etc to start off with.

Good luck with the sale, it may be useful to someone at that price but I suggest pricing it more modestly.

This auction is now closed with no bids.

Please PM me if you have interest in the software.  I will leave up the demo site indefinitely.

Price will not drop below $15k.  The code represents 12 months of work by a seasoned programmer and has a proven security and performance track record, having run in production for nearly a year without being compromised in any significant manner.

Potential uses include:

- Competition for Havelock as an international exchange operated from a country with actual freedom.  (IE; not the USA.)
- A JOBS Act compliant platform.  (Use with USD rather than LTC/BTC)
- Relatively easy conversion to a currency exchange platform.

Cheers.

Bugger... there was a firewall issue blocking access for many.  If you tried before and it wasn't working, you can try again now.

Took a few days longer than I anticipated, but I got a demo site up and running:

https://demo.btct.co/

You'll have to accept the SSL certificate mismatch, as the certificate was issued for www.btct.co/btct.co.

Once you do you can create an account, it will give you 10,000.00000001 BTC, which you can then use to create assets and trade.

There are lots of little things that are broken like the LTC/BTC exchange rate quoting and a bunch of cron-based processes.  Let me know via PM if you come across any major issues. 

Cheers.

Well that's doubleplus unreassuring. The intent is not nearly enough in bitcoin. What of competence, track record, WoT presence? Let's hope the party has all that.
And nobody in bitcoin cares about the SEC or their doings.

I don't think the intent is to use it in the same way it was used in the past.  The SEC finally made some progress with their work on the JOBS act and it's possible for this project to be used in a more regulated fashion.

yay more scams. was getting quiet over this side.

Few updates.

We are in negotiations with a party for a BIN.

Approximately two weeks left in this auction.

We are working on getting a working demo setup.  ETA, 3 days.

Cheers.

It should be easy for a programmer.  You would just have to add a few database columns on the members table, then update the signup form and the profile management for logged in members.  You may also want to integrate an administrative function to lock accounts until you've reviewed new applicants.

To detect US vs Non-US you would get a copy of the Maxmind GeoIP database and use that in the signup code to determine location by IP address.

Cheers.

Replying from my cell, please forgive any typos.

I settled with the SEC for running an unlicensed exchange.  Presumably you could build on it and license it, but I am not a lawyer and you would definitely need one familiar with the SEC and securities law.

I was hoping to utilize it for a JOBS act compliant platform when they finished setting up the guidelines, but then the settlement ended up having a two year ban as well, so I am not allowed to work on anything securities related for two years.  (And even then, it seems unlikely they'd approve me unfortunately.)

Another option I looked into was using it as a platform just for accredited investors.  Working with accredited investors alleviates many of the restrictions.  (And in theory you could vet investors just by having them sign a message on the blockchain from a sufficiently large wallet.  Again, IANAL.)
 
Other options for a US citizen would be to convert it to a currency exchange, or online wallet service.

Non-US citizens it will vary country to country, but in general my research leads me to believe many places in the world enjoy far more freedom in this regard.  Consult a local lawyer.

As for operation, I had a full time job while I was running it.  I built and operated it during evenings and lunch breaks.  If you don't have help you will want to have constant email and system access though to watch for hack attempts.  The code sends emails that you will want to act on periodically.  (Eg, to block IP's or ban users.)

I hope that helps.

This will be an exclusive sale with complete ownership, with the minor caveat that I am allowed to use framework pieces in other sites.  There are elements of code that are shared in several other sites I have worked on over the years like the mining pool at ltc.kattare.com and in kattare.com itself, etc.

I am willing to write a 2 year non-compete into the sales agreement as well if it makes sense for the buyer.  I am barred by the SEC settlement from doing anything securities related for two years anyway.

Cheers.
[/quote]

What legal issues did you run in to? If I started up the site after the sale (I live in the US) would the site just get taken down for breaking some laws? Also were you able to run the site yourself ( I have a lot of sysadmin experience) or did you have partners?

Yes, I am willing to image the server and just send the image.  (eg, could do a vmware image)  I would then refund the cost of the server (approx $5k) to the buyer.

And the following came in via PM:

[quote date=1426880163]
I just would like to clarify that the winner of the auction would have complete ownership of the source code.
[/quote]

This will be an exclusive sale with complete ownership, with the minor caveat that I am allowed to use framework pieces in other sites.  There are elements of code that are shared in several other sites I have worked on over the years like the mining pool at ltc.kattare.com and in kattare.com itself, etc.

I am willing to write a 2 year non-compete into the sales agreement as well if it makes sense for the buyer.  I am barred by the SEC settlement from doing anything securities related for two years anyway.

Cheers.